Australian Ethical boosts stake in Eroad, crosses 15% ownership mark

Australian Ethical Investment Limited, through State Street Australia Ltd ACF Australian Ethical Investment, has reported a change in its substantial holding in Eroad Limited. As of October 30, 2025, the firm now holds 28,177,888 ordinary shares, representing 15.02% of the total in class. This marks an increase of 2.12 percentage points from its last disclosure on August 21, 2025, when it held 12.90% of the company's shares.

The increase stems from multiple on-market transactions between August 15 and October 30, 2025. While there were several sell transactions, including one for $5,365,940.00 on August 19, a series of buy transactions ultimately led to the increased stake. Notable purchases included $2,752,989.55 on October 30, 2025, and $1,873,085.50 on the same date.

The substantial product holder, State Street Australia Ltd ACF Australian Ethical Investment, acts as the registered holder and beneficial owner, with Australian Ethical Investment Limited serving as the responsible entity. The total shares in class for Eroad Limited are reported as 187,587,526.